2,809 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Bought by Impact Capital Partners LLC

Impact Capital Partners LLC purchased a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,809 shares of the software maker’s stock, valued at approximately $759,000.

A number of other institutional investors and hedge funds have also modified their holdings of MANH. Whipplewood Advisors LLC purchased a new position in shares of Manhattan Associates during the fourth quarter valued at $34,000. Synergy Asset Management LLC purchased a new position in shares of Manhattan Associates during the fourth quarter valued at $35,000. Ashton Thomas Securities LLC purchased a new position in shares of Manhattan Associates during the third quarter valued at $42,000. Brooklyn Investment Group purchased a new position in shares of Manhattan Associates during the third quarter valued at $58,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Manhattan Associates during the fourth quarter valued at $72,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Dennis B. Story sold 2,788 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the completion of the transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

Manhattan Associates Price Performance

Shares of NASDAQ:MANH opened at $166.66 on Thursday. Manhattan Associates, Inc. has a fifty-two week low of $164.48 and a fifty-two week high of $312.60. The business has a 50-day moving average of $219.52 and a two-hundred day moving average of $258.82. The stock has a market capitalization of $10.19 billion, a P/E ratio of 47.48 and a beta of 1.47.

Analyst Upgrades and Downgrades

MANH has been the topic of a number of research analyst reports. Truist Financial lowered their price target on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Citigroup lowered their target price on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. DA Davidson lowered their target price on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Piper Sandler restated an “overweight” rating and issued a $268.00 target price (down previously from $326.00) on shares of Manhattan Associates in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $273.33.

Manhattan Associates Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.